Mastek Limited has completed the sale of a commercial building situated at Mahindra World City, SEZ, Chengalpattu, Chennai, for an aggregate consideration of ₹60 crore. The transaction was finalized on August 17, 2026, marking the conclusion of the agreement entered into earlier in the year.

The buyer is Caresoft Mobility Private Limited, an entity that does not belong to the promoter, promoter group, or group companies of Mastek. Consequently, the transaction does not fall within the purview of related party transactions. The company received the total consideration in two tranches, in accordance with the terms of the memorandum of understanding dated April 24, 2026.

Transaction Details

The asset sold comprises a commercial building with an approximate built-up area of 1,57,233 sq ft, located on leased land admeasuring 15.50 acres. Below are the key particulars of the disposal as disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Compliance

The sale is not part of a Scheme of Arrangement. Mastek stated that the disposal of the land and building does not attract the terms of Regulation 37A of the SEBI Listing Regulations, as it does not constitute an undertaking or substantially the whole of the undertaking of the company under Section 180(1)(a) of the Companies Act, 2013. The disclosure was made pursuant to Regulation 30 read with Schedule III of the Listing Regulations and SEBI circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

This intimation serves as an update to the company’s earlier communication vide letter no. SEC/010/2026-27 dated April 24, 2026, regarding the proposed asset sale.

Mastek has fixed Monday, August 31, 2026, as the record date for determining the entitlement of members to receive the final dividend for the financial year ended March 31, 2026 (FY26). The Board of Directors had previously recommended a final dividend of ₹16 per equity share of face value ₹5 each during its meeting held on April 17, 2026.

The payout is subject to the approval of shareholders at the company’s 44th Annual General Meeting (AGM). The AGM is scheduled to be held on Monday, September 7, 2026, at 5:00 pm through Video Conferencing or Other Audio-Visual Means (OAVM), in compliance with Ministry of Corporate Affairs circulars.

Dividend Payment Timeline

Pursuant to Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Mastek has communicated the record date to the stock exchanges. If the shareholders approve the dividend at the AGM, the company will make the payment within 30 days from the date of approval.

The disclosure was signed by Reena Abhijit Raje, Company Secretary and Compliance Officer of Mastek Limited.